Land auction in Thanh Oai district: Highest price predicted at 60 million VND/m2

(Dan Tri) - The auction of 25 land lots in Thanh Oai district ( Hanoi ) took place on the morning of November 16 without much crowd. Investors predicted the highest winning price to be around 60 million VND/m2.

After nearly 2 months of suspension, the auction of 25 land lots in Man Ca, Man Cong, Ma Man Trong areas, Van Quan village, Do Dong commune, Thanh Oai district (Hanoi) took place this morning (November 16).

The area of ​​the plots of land to be auctioned ranges from nearly 84m2 to over 143m2, with a starting price of 5.3 million VND/m2, equivalent to a deposit of 88-151 million VND/lot. The auction will have to go through at least 6 mandatory rounds, with a price step of 5 million VND/m2. Thus, participants must spend at least 30.3 million VND/m2 to win the auction in this session.

The auction area of ​​25 land lots in Thanh Oai district (Photo: Duong Tam).

According to Dan Tri reporter, the number of people participating in today's auction is about 100 people. Meanwhile, the previous auction on August 10 had nearly 1,500 participants.

According to the list posted outside the auction area, today's land auction had 13 people who were not eligible to participate because they did not pay/paid less than the deposit, did not submit documents. Besides those in Thanh Oai, Ung Hoa, Phuc Tho districts... (Hanoi), among them were also investors from other provinces in Bac Giang , Nghe An.

Some people wait for the auction results in the outside area (Photo: Duong Tam).

Mr. Thanh Tung - a local real estate investor - said that today his group participated in the auction of 10 plots of land, with the goal of winning about 3 plots, priced at 40-45 million VND/m2. Compared to the auction in August, the number of participants in this session has decreased a lot, so the competition is no longer high.

He predicted that although the 25 lots auctioned this time are in better locations, the winning price will be much lower, the highest being around 60 million VND/m2. Because, in the previous auction, the lots with the highest deposit were only 55 million VND/m2. The lots with high prices from 90 million VND to 100 million VND/m2 all had their deposits waived, so the market price in the area could not be determined.

Ms. L. - an investor in My Duc district (Hanoi) said that today she took her family to auction 5 plots of land. She was concerned that the auction using direct secret ballot in multiple rounds for each plot of land would cause the auction to last all day.

Outside the auction area, groups are discussing today's winning bid (Photo: Duong Tam).

She said that in August she participated in the auction and won a corner lot for 4 billion VND. Because she decided to buy it for long-term investment, she paid the full amount. She said that the land in Thanh Cao commune is near the weaving village, so if left for a long time, it will have the potential to increase in price.

Previously, on August 10, Thanh Oai district held an auction of 68 plots of land in Ngo Ba area, Thanh Than village, Thanh Cao commune. The plots of land ranged in area from 60m2 to 85m2, with starting prices from VND8.6 million/m2 to VND12.5 million/m2. The auction attracted 4,600 applications, but only 4,201 qualified applications from 1,545 people.

Notably, the highest winning price for the corner lot was nearly 100.5 million VND/m2, 8 times higher than the starting price. The regular lots had winning prices ranging from 63 million VND/m2 to 80 million VND/m2, 5 to 6.4 times higher than the starting price. However, 55 lots were later abandoned, including the highest priced lot of more than 100 million VND/m2. Of the 13 lots with full payment, the highest priced lot was 55 million VND/m2.

Source: https://dantri.com.vn/bat-dong-san/dang-dau-gia-dat-huyen-thanh-oai-du-doan-gia-cao-nhat-60-trieu-dongm2-20241116120540258.htm